Four-Unit Multifamily
New
For Sale
$742,000
2510 Commerce Rd, Jacksonville, NC 28546
Three of the four residences are currently rented.
Property Size3,296 SF
Price / SF$225.12
Days on Market5
Property Features for 2510 Commerce Rd
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Multi-Family
Occupancy
75%
Additional Details
Multifamily Units
4
Building Details
Year Built
1984
Listing Agency:
RE/MAX Executive
Listed By:
Manuel Feliciano Jr · License #359243
(910) 382-5474
Source:
Coastalrealtyassociates
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 14 at 11:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Executive
Investment Insights
Based on property information with market context.
Built in 1984, this multifamily property contains four units across 3,296 square feet. Three units are currently rented, providing existing rental occupancy. The property is located at 2510 Commerce Rd in Jacksonville, near shopping centers, restaurants, and local amenities.
Key Highlights
- Four‑unit multifamily property
- Three of the four units are currently rented
- 3,296 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,964
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,280
$659.3K
Cap Rate 7%
$470,914
$470.9K
Cap Rate 9%
$366,267
$366.3K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$49.4K $15.00/SF
− Vacancy
−$2.3K −$0.71/SF
EGI
$47.1K $14.29/SF
− OpEx
−$14.1K −$4.29/SF
NOI
$33.0K $10.00/SF
Area
Onslow County, NC
Vacancy
4.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,280
Cap Rate 7%
$470,914
Cap Rate 9%
$366,267
Alternative Uses
Best Use
Multifamily LT 5
$470.9K
$412.1K – $549.4K
NOI $32,964 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$428.1K
$374.6K – $499.4K
NOI $29,966 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$716.0K
$626.5K – $835.3K
NOI $50,120 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three of the four residences are currently rented.
Where is this quadplex located?
The property is located at 2510 Commerce Rd Jacksonville, NC.
What is the asking price?
The asking price for this property is $742,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Three of the four units are currently rented; 3,296 square feet
